Nippon Electric Glass Co., Ltd. Provides Earnings Guidance for the Year Ending December 31, 2020
October 27, 2020
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Nippon Electric Glass Co., Ltd. announced earnings guidance for the year ending December 31, 2020. For the year, on consolidated basis, the company expects net sales of JPY 235 billion against previous guidance of JPY 230 billion, operating profit of JPY 15 billion against previous guidance of JPY 12 billion, ordinary profit was JPY 15 billion against previous guidance of JPY 11 billion, profit attributable to owners of parent of JPY 14.0 billion against previous guidance of JPY 9.0 billion and basic earnings per share of JPY 144.87.
Nippon Electric Glass Co., Ltd. specializes in developing, manufacturing and marketing specialty glasses. Net sales break down by family of products as follows:
- glasses for electronic components (52.9%): LCD screen glasses, plasma screens, cathode ray tubes, optic products, etc.;
- performance glasses (47.1%): mainly glasses fibers, heat-resistant glasses, glass tubes for lighting, glass tubes for pharmaceutical and medical uses, glass films and glasses for building materials.
At the end of 2021, the group had 16 production sites worldwide.
Net sales break down geographically as follows: Japan (14.6%), China (29.7%), South Korea (16.6%), Europe (14.7%), the United States (13%) and other (11.4%).
NIPPON ELECTRIC GLASS CO., LTD. 
